Canada is the top export destination for 36 U.S. states. Nearly $3.6 billion Canadian (US$2.7 billion) worth of goods and services cross the border each day.By ROB GILLIES TORONTO (AP) — Canada is already examining possible retaliatory tariffs on certain items from the United States should President-elect Donald Trump follow through on his threat to impose sweeping tariffs on Canadian products, a senior official said Wednesday. Trump has threatened to impose tariffs on products from Canada and Mexico if the countries don’t stop what he called the flow of drugs and migrants across southern and northern borders. He said he would impose a 25% tax on all products entering the U.S. from Canada and Mexico as one of his first executive orders. A Canadian government official said Canada is preparing for every eventuality and has started thinking about what items to target with tariffs in retaliation. The official stressed no decision has been made. The person spoke on condition of anonymity as they were not authorized to speak publicly. When Trump imposed higher tariffs during his first term in office, other countries responded with retaliatory tariffs of their own. Canada, for instance, announced billions of new duties in 2018 against the U.S. in a tit-for-tat response to new taxes on Canadian steel and aluminum. Many of the U.S. products were chosen for their political rather than economic impact. For example, Canada imports $3 million worth of yogurt from the U.S. annually and most comes from one plant in Wisconsin, home state of then-House Speaker Paul Ryan. That product was hit with a 10% duty. Another product on the list was whiskey, which comes from Tennessee and Kentucky, the latter of which is the home state of then-Republican Senate leader Mitch McConnell. Trump made the threat Monday while railing against an influx of illegal migrants, even though the numbers at Canadian border pale in comparison to the southern border. The U.S. Border Patrol made 56,530 arrests at the Mexican border in October alone — and 23,721 arrests at the Canadian one between October 2023 and September 2024. Canadian officials say lumping Canada in with Mexico is unfair but say they are happy to work with the Trump administration to lower the numbers from Canada. The Canadians are also worried about a influx north of migrants if Trump follows through with his plan for mass deportations. Trump also railed about fentanyl from Mexico and Canada, even though seizures from the Canadian border pale in comparison to the Mexican border. U.S. customs agents seized 43 pounds of fentanyl at the Canadian border last fiscal year, compared with 21,100 pounds at the Mexican border. Related Articles National Politics | Trump selects longtime adviser Keith Kellogg as special envoy for Ukraine and Russia National Politics | Trump’s tariffs in his first term did little to alter the economy, but this time could be different National Politics | Southwest states certify election results after the process led to controversy in previous years National Politics | Trump fills out his economic team with two veterans of his first administration National Politics | Trump chooses controversial Stanford professor Dr. Jay Bhattacharya to lead NIH Canadian officials argue their country is not the problem and that tariffs will have severe implications for both countries. Canada is the top export destination for 36 U.S. states. Nearly $3.6 billion Canadian (US$2.7 billion) worth of goods and services cross the border each day. About 60% of U.S. crude oil imports are from Canada, and 85% of U.S. electricity imports are from Canada. Canada is also the largest foreign supplier of steel, aluminum and uranium to the U.S. and has 34 critical minerals and metals that the Pentagon is eager for and investing in for national security. “Canada is essential to the United States’ domestic energy supply,” Deputy Prime Minister Chrystia Freeland said. Trump has pledged to cut American energy bills in half within 18 months, something that could be made harder if a 25% premium is added to Canadian oil imports. In 2023, Canadian oil accounted for almost two-thirds of total U.S. oil imports and about one-fifth of the U.S. oil supply. Prime Minister Justin Trudeau is holding a emergency virtual meeting on Wednesday with the leaders of Canada’s provinces, who want Trudeau to negotiate a bilateral trade deal with the United States that excludes Mexico. Mexican President Claudia Sheinbaum said Wednesday that her administration is already working up a list of possible retaliatory tariffs “if the situation comes to that.”
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Yankees May Target Free Agent Sleeper $8 Million All-Star RelieverA week after a demoralizing loss to the Tennessee Titans, the AFC South-leading Houston Texans might have a perfect opportunity to reboot when they face the host Jacksonville Jaguars on Sunday. Then again, maybe not. It depends, Houston coach DeMeco Ryans said, if the Texans (7-5) are "locked in" and able to make a December push. "I just look at it as being intensely focused on your job and being where you're supposed to be, executing the minor details of your job," Ryans said. "It all comes down to minor, minute details that you get exploited if you don't do them the correct way and teams find those and they make you pay. "And a lot of the things, as I talked to our guys about, are things that we can control." Jacksonville (2-9), sitting at the bottom of the AFC South, is coming off a humiliating 52-6 loss to the Detroit Lions. It marked the fourth straight setback for the Jaguars, who had dropped their previous three games by a combined 13 points. Jaguars coach Doug Pederson noted that changes are coming, although he opted not to show his cards. "I'm not going to get into the whole details of things, but there are things in the run game that we have to get back to," Pederson said. "Even in the passing game, tweaking some things there. There are things that can, hopefully, help our production over the last six weeks." One of those things could be the return of starting quarterback Trevor Lawrence, who has not played since Nov. 3 due to a left shoulder injury. Lawrence was a limited participant during practice on Wednesday, with Pederson telling reporters Monday that the signal-caller's status for Sunday would be determined as the week progresses. Pederson has also had his eye on Houston quarterback C.J. Stroud, who has run into some struggles during his sophomore season. Stroud has thrown nine interceptions in 12 games (all starts) after throwing only five as a rookie. He was picked off twice in the 32-27 setback against Tennessee, also throwing for 247 yards and two touchdowns on 20-for-33 passing. Pederson still believes the 23-year-old can hurt the Jaguars, though. "Playing the quarterback position is hard," Pederson said. "I don't know everything that goes on down there. I'm sure there's been injury, guys have missed (time). He's missed his playmakers from time to time. And then there's the film. There's the film out there." The Texans have lost three of their past four games and four of their past six as defenses continue to solve Stroud. Defensive ends Will Anderson Jr. (ankle) and Denico Autry (knee) were among those who didn't practice for Houston on Wednesday, and safety Jalen Pitre is expected to miss several weeks because of a shoulder injury. Linebacker Yasir Abdullah (hamstring) was the only Jaguar to miss practice on Wednesday. Cornerback Tyson Campbell (shoulder) joined Lawrence as limited. Sunday marks the second meeting of the season between the teams. The Texans topped Jacksonville 24-20 back on Sept. 29. This article first appeared on Field Level Media and was syndicated with permission.
Shares of Transocean Ltd. ( NYSE:RIG – Get Free Report ) have been given an average recommendation of “Hold” by the nine research firms that are covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, five have given a hold recommendation and three have given a buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $6.63. A number of equities analysts have weighed in on RIG shares. Susquehanna decreased their target price on Transocean from $7.00 to $6.50 and set a “positive” rating on the stock in a research note on Friday, November 1st. Benchmark downgraded shares of Transocean from a “buy” rating to a “hold” rating in a research note on Tuesday, October 15th. Morgan Stanley boosted their price target on shares of Transocean from $5.00 to $6.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 3rd. Barclays lowered their price objective on shares of Transocean from $6.00 to $4.50 and set an “equal weight” rating on the stock in a research report on Wednesday, October 23rd. Finally, DNB Markets upgraded shares of Transocean from a “hold” rating to a “buy” rating in a research report on Tuesday, September 3rd. Check Out Our Latest Analysis on Transocean Transocean Trading Up 3.0 % Insiders Place Their Bets In other news, Director Perestroika purchased 1,500,000 shares of the company’s stock in a transaction on Thursday, September 12th. The stock was acquired at an average price of $4.13 per share, with a total value of $6,195,000.00. Following the transaction, the director now directly owns 91,074,894 shares of the company’s stock, valued at approximately $376,139,312.22. This represents a 1.67 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website . Also, EVP Roderick James Mackenzie sold 20,000 shares of the business’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $4.29, for a total transaction of $85,800.00. Following the completion of the transaction, the executive vice president now owns 310,857 shares in the company, valued at $1,333,576.53. The trade was a 6.04 % decrease in their position. The disclosure for this sale can be found here . 13.16% of the stock is currently owned by insiders. Institutional Trading of Transocean Large investors have recently modified their holdings of the business. Oppenheimer Asset Management Inc. raised its position in shares of Transocean by 10.9% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 25,170 shares of the offshore drilling services provider’s stock worth $107,000 after acquiring an additional 2,469 shares in the last quarter. Murphy Pohlad Asset Management LLC raised its holdings in Transocean by 2.6% in the second quarter. Murphy Pohlad Asset Management LLC now owns 98,650 shares of the offshore drilling services provider’s stock worth $528,000 after purchasing an additional 2,500 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in Transocean by 138.8% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 4,633 shares of the offshore drilling services provider’s stock valued at $25,000 after buying an additional 2,693 shares during the period. Muhlenkamp & Co. Inc. boosted its holdings in shares of Transocean by 0.4% during the 2nd quarter. Muhlenkamp & Co. Inc. now owns 1,014,269 shares of the offshore drilling services provider’s stock valued at $5,426,000 after buying an additional 3,771 shares in the last quarter. Finally, Kovitz Investment Group Partners LLC grew its position in shares of Transocean by 34.0% in the 3rd quarter. Kovitz Investment Group Partners LLC now owns 15,877 shares of the offshore drilling services provider’s stock worth $62,000 after buying an additional 4,027 shares during the period. 67.73% of the stock is owned by institutional investors. Transocean Company Profile ( Get Free Report Transocean Ltd., together with its subsidiaries, provides offshore contract drilling services for oil and gas wells worldwide. It contracts mobile offshore drilling rigs, related equipment, and work crews to drill oil and gas wells. The company operates a fleet of mobile offshore drilling units, consisting of ultra-deepwater floaters and harsh environment floaters. Recommended Stories Receive News & Ratings for Transocean Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Transocean and related companies with MarketBeat.com's FREE daily email newsletter .Flipkart Black Friday Sale has gone live in India. The e-commerce platform has brought exciting deals on smartphones from Samsung, Apple, Google Pixel and others. Check out the top deals on smartphones here. The Black Friday Sale will go on from Today till November 29, 2024. Here’s a look at some of the top smartphone deals during Flipkart’s Black Friday Sale. The Apple iPhone 15 is currently available at a 16% discount, bringing its price down to Rs 57,999. Launched in 2023, the iPhone 15 features a sleek design with a glass back and aluminum frame, as well as an IP68 rating for water resistance. You can grab the Samsung Galaxy S24 Plus with 256GB of storage for just Rs 64,999, thanks to a generous 35% discount from Flipkart. The Galaxy S24+ boasts a 6.2-inch Dynamic LTPO AMOLED 2X display with a 120Hz refresh rate, ensuring smooth and vibrant visuals, all protected by Corning Gorilla Glass Victus 2 for added durability. The Google Pixel 9, also with 256GB of storage, is priced at Rs 79,999. 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Marvell Announces Breakthrough Custom HBM Compute Architecture to Optimize Cloud AI AcceleratorsThe suspect in the killing of UnitedHealthcare’s CEO likely was motivated by his anger with what he called “parasitic” health insurance companies and a disdain for corporate greed, a law enforcement bulletin obtained by The Associated Press said. Luigi Nicholas Mangione wrote that the U.S. has the most expensive health care system in the world and that profits of major corporations continue to rise while “our life expectancy” does not, according to the bulletin, based on a review of his hand-written notes and social media posts. Prosecutors on Tuesday were beginning to take steps to bring Mangione back to New York to face a murder charge while new details emerged about his life and how he was captured. The 26-year-old Ivy League graduate from a prominent Maryland real estate family was expected to be in court a day after police arrested him in a Pennsylvania McDonald's. He was charged with murder hours after he was arrested Monday in the killing of Brian Thompson, who led the United States’ largest medical insurance company. Mangione remained jailed in Pennsylvania, where he was initially charged with possession of an unlicensed firearm, forgery and providing false identification to police. Manhattan prosecutors have obtained an arrest warrant, a step that could help expedite his extradition from Pennsylvania. Court officials have said that Mangione does not yet have an attorney who can comment on the allegations. Asked at Monday’s arraignment whether he needed a public defender, Mangione asked whether he could “answer that at a future date.” Mangione called “Unabomber” Ted Kaczynski a “political revolutionary” and may have found inspiration from the man who carried out a series of bombings while railing against modern society and technology, according to police bulletin. Mangione was arrested in Altoona, Pennsylvania — about 230 miles (about 370 kilometers) west of New York City — after a McDonald's customer recognized him and notified an employee, authorities said. Officers found him sitting at a back table, wearing a blue medical mask and looking at a laptop, according to a Pennsylvania police criminal complaint. He initially gave them a fake ID, but when an officer asked Mangione whether he’d been to New York recently, he “became quiet and started to shake,” the complaint says. When he pulled his mask down at officers' request, “we knew that was our guy,” rookie Officer Tyler Frye said. Images of Mangione released Tuesday by Pennsylvania State Police showed him pulling down his mask in the corner of the McDonald's while holding what appeared to be hash browns and wearing a winter jacket and beanie. In another photo from a holding cell, he stood unsmiling with rumpled hair. New York Police Commissioner Jessica Tisch said Mangione was carrying a gun like the one used to kill Thompson and the same fake ID the shooter had used to check into a New York hostel, along with a passport and other fraudulent IDs. NYPD Chief of Detectives Joseph Kenny said Mangione also had a three-page, handwritten document that shows “some ill will toward corporate America." A law enforcement official who wasn’t authorized to discuss the investigation publicly and spoke with The Associated Press on condition of anonymity said the document included a line in which Mangione claimed to have acted alone. “To the Feds, I’ll keep this short, because I do respect what you do for our country. To save you a lengthy investigation, I state plainly that I wasn’t working with anyone,” the document said, according to the official. It also had a line that said, “I do apologize for any strife or traumas but it had to be done. Frankly, these parasites simply had it coming.” Pennsylvania prosecutor Peter Weeks said in court that Mangione was found with a passport and $10,000 in cash, $2,000 of it in foreign currency. Mangione disputed the amount. Thompson, 50, was killed Wednesday as he walked alone to a Manhattan hotel for an investor conference. Police quickly came to see the shooting as a targeted attack by a gunman who appeared to wait for Thompson, came up behind him and fired a 9 mm pistol. Investigators have said “delay,” “deny” and “depose” were written on ammunition found near Thompson's body. The words mimic “delay, deny, defend,” a phrase used to criticize the insurance industry. From surveillance video, New York investigators determined the shooter quickly fled fled the city, likely by bus. A grandson of a wealthy, self-made real estate developer and philanthropist, Mangione is a cousin of a current Maryland state legislator. Valedictorian at his elite Baltimore prep school, he went on to earn undergraduate and graduate degrees in computer science in 2020 from the University of Pennsylvania, a spokesperson said. “Our family is shocked and devastated by Luigi’s arrest,” Mangione’s family said in a statement posted on social media late Monday by his cousin, Maryland Del. Nino Mangione. “We offer our prayers to the family of Brian Thompson and we ask people to pray for all involved.” From January to June 2022, Luigi Mangione lived at Surfbreak, a “co-living” space at the edge of touristy Waikiki in Honolulu. Like other residents of the shared penthouse catering to remote workers, Mangione underwent a background check, said Josiah Ryan, a spokesperson for owner and founder R.J. Martin. “Luigi was just widely considered to be a great guy. There were no complaints,” Ryan said. "There was no sign that might point to these alleged crimes they’re saying he committed.” At Surfbreak, Martin learned Mangione had severe back pain from childhood that interfered with many aspects of his life, from surfing to romance, Ryan said. “He went surfing with R.J. once but it didn’t work out because of his back," Ryan said, but noted that Mangione and Martin often went together to a rock-climbing gym. Mangione left Surfbreak to get surgery on the mainland, Ryan said, then later returned to Honolulu and rented an apartment. Martin stopped hearing from Mangione six months to a year ago.